Community Sign
Street Scene
Mobile Home
Street Scene
Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 16.4%
- Listing ID: 20081
- Posted On: Mar 9, 2011
- Updated On: Nov 3, 2011
Description
This conveniently located 11 unit Mobile Home Park with 2078 sq. ft Wood Frame Single Family House/Duplex is fully operating with ALL MOBILE-HOMES RENTED AND SIDE OF DUPLEX. This is NOT A DISTRESSED PARK as it is fully operating and all units are currently rented at market price. Other side of duplex is close to being finished but needs some work. Seller has completed over $25,000 in improvements.
10 Park Owned Single Wides with one empty lot large enough for a double wide plus the 2078 sqft Home.
Location
IDEAL LOCATION JUST OFF INTERSTATE 4 EXIT SR579 BEHIND LAZYDAYS RV
AND CRACKER BARREL IN SEFFNER (FIRST EXIT EAST OF THE INTERSTATE 75/INTERSTATE 4 INTERCHANGE)
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $85,000 |
| Operating Expense: | $40,000 |
| Net Operating Income: | $45,000 |
| Expense Ratio: | 47.1 % |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $630 |
